MIRA INFORM REPORT
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Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
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Name : |
OFFICE 164 CO
LTD |
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Registered Office : |
1-6-18 Minami-Tanabe Higashi-Sumiyoshiku Osaka 546-0033 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2013 |
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Date of Incorporation : |
Jun 1993 |
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Com. Reg. No.: |
1200-01-009382
(Osaka-Higashi-Sumiyoshiku) |
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Legal Form : |
Limited Company |
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Line of Business : |
Imports and wholesales women’s handbags, other accessories |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
COMPANY NAME
OFFICE 164 CO LTD
REGD NAME
KK Office 164
MAIN OFFICE
1-6-18
Minami-Tanabe Higashi-Sumiyoshiku Osaka 546-0033 JAPAN
Tel:
06-6628-4812 Fax: 06-6628-4804
URL: N/A
ACTIVITIES
Import,
wholesale of handbags for women
BRANCHES
Tokyo,
OVERSEAS
Seoul
(Korea)
OFFICERS
HIROSHI
MAEKAWA, PRES Kaoru Teramoto, dir
Mayumi
Egami, dir Toshihiro
Kumagai, dir
Hidehiko
Matsuwatari, dir Akiko
Maekawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 480 M
PAYMENTS SLOW
BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 5 M
STARTED 1993 EMPLOYES 8
COMMENT
IMPORTER OF WOMEN’S HANDBAGS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 8.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject
company was established by Hiroshi Maekawa in order o make most of his
experience in the subject line of business.
This is a trading firm specializing in import and wholesale of women’s
handbags, other accessories. Goods are
imported from Italy, China, Korea, other
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The sales volume for Jun/2012
fiscal term amounted to Yen 480 million, a 12% down from Yen 547 million in the
previous term. High Yen hurt business,
reducing revenues in Yen terms. The
operations plunged into the red to post Yen 32 million net losses for the term,
compared with Yen 1 million net profit a year ago. The losses for the term refer to the mid-term
cancellation security derivatives, the firm says.
For the
term that ended Jun 2013 the operations were projected to come back to
profitability to post Yen 5 million net profit, on a 3% rise in turnover, to
Yen 495 million. Final results are yet
to be released.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. Max credit limit
is estimated at Yen 8.7 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun
1993
Regd No.: 1200-01-009382
(Osaka-Higashi-Sumiyoshiku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders (%): Hiroshi Maekawa (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales women’s
handbags, other accessories (--100%)
Clients: [Mfrs, wholesalers] Etoile-Kato, World
Co, Toyota Tsusho Corp, Mitsui Bussan Inter-Fashion Ltd, Pal Co, Renown Inc,
Reimei Corp, other
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from
China, Korea, Italy, other
Payment record: Slow
But Correct
Location:
Business area in Osaka. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References
Kinki
Osaka Bank (Harinakano)
Shoko
Chukin Bank (Semba)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/05/2013 |
31/05/2012 |
31/05/2011 |
31/05/2010 |
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Annual
Sales |
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495 |
480 |
547 |
430 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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5 |
-32 |
1 |
2 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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5 |
37 |
36 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.13 |
-12.25 |
27.21 |
-27.97 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.01 |
-6.67 |
0.18 |
0.47 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 30/06/2013 fiscal term.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy.
General unfavourable factors will not cause fatal effect. Satisfactory capability
for payment of interest and principal sums |
Fairly
Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and
principal sums in default or expected to be in default upon maturity |
Limited
with full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
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NB |
New
Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated from
a composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.